Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
The Soma Inn is trying to determine its break-even point. The inn has 75 rooms that are rented at $56 a night. Operating costs are
The Soma Inn is trying to determine its break-even point. The inn has 75 rooms that are rented at $56 a night. Operating costs are as follows. Salaries Utilities Depreciation Maintenance Maid service Other costs $7,400 per month 2,900 per month 1,500 per month 800 per month 8 per room 34 per room (a) Your answer is correct. Determine the inn's break-even point in (1) number of rented rooms per month and (2) dollars. 900 1 Break-even point in rooms S 50400 per month 2 Break-even point If the inn plans on renting an average of 50 rooms per day (assuming a 30-day month), what is (1) the monthly margin of safety in dollars and (2) the margin of safety ratio? (Round ratio to decimal places, eg. 10%) 1. $ Margin of safety 2 Margin of safety ratio NoFly Corporation sells three different models of a mosquito "zapper. Model A12 sells for $57 and has variable costs of $44. Model B22 sells for $101 and has variable costs of $73. Model C124 sells for $403 and has variable costs of $304. The sales mix of the three models is A12,55%;B22,28%; and C124, 17%. What is the weighted average unit contribution margin? (Round answer to 2 decimal places, es. 15.50.) Weighted Average Unit Contribution Margin $
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/669e06fc92ebc_508669e06fc16f48.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/669e06fd4d5d8_508669e06fcc3de3.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/669e06fdf3ce4_509669e06fd7a211.jpg)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started